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Emma Street
Emma Street is a finance writer at BestMoney.com specializing in debt consolidation and loans. With a BSc in Computer Science and over 15 years in software development, her experience in InsureTech and FinTech fuels her passion for exploring the intersection of technology and personal finance.

January 29, 2026

0 min

bank-of-america-advantage-banking

Bank of America Advantage Banking Pros & Cons

Pros

Robust mobile app with wide range of features
Thousands of ATMs and financial centers
Opportunity to earn interest on Advantage Relationship accounts

Cons

Minimum deposit amounts are high
If you aren’t eligible for waivers, monthly fees are expensive
bank-of-america-advantage-banking

Bank of America Advantage Banking at a glance

9.6
Editorial score

Fees?

Accounts can be fee-free with qualifying activity
9.0

Security

FDIC insured (directly), SSL/AES encryption and supports 2 factor authentication
10.0

Customer service

Customer service isn't 24/7 - available during typical business hours
9.0

Online experience

Excellent site, highly-rated mobile app; app is 4.8 out of 5 in the app store and 4.6 out of 5 on Google Play
10.0

Mobile experience

Excellent site, highly-rated mobile app; app is 4.8 out of 5 in the app store and 4.6 out of 5 on Google Play
10.0
Emma Street

Emma Street is a finance writer at BestMoney.com specializing in debt consolidation and loans. With a BSc in Computer Science and over 15 years in software development, her experience in InsureTech and FinTech fuels her passion for exploring the intersection of technology and personal finance.

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